Oil India and Hindustan Copper Partner to Explore Critical and Strategic Minerals

On September 19, 2025, Oil India Limited (OIL) and Hindustan Copper Limited (HCL) signed an MoU to collaborate on the exploration and development of critical and strategic minerals, with a special focus on copper and its associated minerals.

This partnership aims to strengthen India’s position in mineral security and align with the government’s drive towards self-reliance in critical resources.

OIL and HCL MoU for Critical Minerals

The MoU reflects OIL’s expansion beyond its current oil and gas portfolio into critical minerals. OIL, a Maharatna PSU, has extensive expertise in exploration, production, and energy transportation. Hindustan Copper Limited (HCL), a Miniratna PSU, specialises in copper mining, beneficiation, and concentrate production. Together, they intend to diversify India’s resource base and enhance domestic mineral availability.

Contribution to National Critical Mineral Mission

The government has prioritised critical minerals for energy security, industrial growth, and technological development. The OIL-HCL collaboration directly supports the National Critical Mineral Mission by focusing on copper and other associated minerals vital for industries such as renewable energy, electronics, and defence manufacturing.

Read More: NLC India Gets LoI for Phosphorite and Limestone Blocks in Chhattisgarh!

Leadership Presence at MoU Signing

The MoU signing took place in the presence of Dr Ranjit Rath, Chairman & Managing Director of OIL, and Mr Sanjiv Kumar Singh, Chairman & Managing Director of HCL, along with senior officials. Their presence reaffirmed the commitment of both PSUs to jointly contribute towards mineral self-reliance and sustainable exploration activities.

Oil India Share Price Performance

On September 19, 2025, Oil India share price opened at ₹401.90 on NSE, above the previous close of ₹399.15. During the day, it surged to ₹405.00 and dipped to ₹399.40. The stock is trading at ₹402.50 as of 2:48 PM. The stock registered a moderate gain of 0.84%.

Over the past week, it has moved up by 1.91%, over the past month, it has declined by 1.32%, and over the past 3 months, it has declined by 14.01%.

Conclusion

OIL and HCL’s strategic agreement marks an important milestone for India’s critical mineral landscape. By exploring and developing copper and associated resources, this partnership can accelerate India’s journey towards mineral security and energy independence.

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